Notes
- Breakers are much stronger PD arrays regarding support or resistance than Mitigation Blocks.
- Michael usually uses Mitigation Blocks as targets rather than as a place (reason) to enter a trade.
- To correctly identify the Measuring Gap, it is necessary to know:
- Where the price is coming from.
- Where the price goes (buy-side and sell-side liquidity).
- The Measuring Gap, like the Breakway Gap, should remain unfilled.
- Level 2 data (inside DOM for example) is often manipulated and, therefore, not a reliable indicator to determine future market direction.
- Michael emphasizes that becoming a skilled trader isn’t about knowing everything upfront but rather about learning to observe, understand, and respond to the market with a well-rounded approach.
- The ultimate goal is for traders to increase their understanding of the market’s true dynamics and avoid unnecessary losses.
- Price action (chart analysis) should be the primary focus of market analysis.
- Successful trading involves understanding market context, not just relying on indicators or order flow (footprints, DOM, Level 2 data).
- Continuous learning and experience are essential to becoming a proficient trader.
NQ - Mitigation Block And Propulsion Block
NQ - Breakaway Gap
NQ - 5-Minute Chart
NQ - 1-Minute Chart
NQ - Grading Price Swings
NQ - Market Top
NQ - Time Distortion And ICT 2022 YouTube Model
NQ - Breakaway Gap And Measuring Gap
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